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Mega Millions Lottery

Saturday, March 31, 2012

Milford Mill 7-Eleven Sells Record Mega Millions Winner

One Maryland resident may have woken up at least $105 million richer.

UPDATE (1:46 p.m.)—This week friends, neighbors and colleagues have been asking the same question: what would I do if I won hundreds of millions of dollars overnight? The fantasy may have become a reality for someone you know. Maryland Lottery officials learned early Saturday that one of three winnng tickets in Friday night's record-breaking Mega Millions drawing was sold in Baltimore County. “This is truly remarkable and historic,” lottery Director Stephen Martino said in a statement. “We can’t wait to greet the winner of this world-record setting jackpot.” The other winning tickets were sold in Illinois and Kansas, meaning three people will split the $656 million jackpot. That works out to a $218.6 million annuity ($5.59 million per year…

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Friday, March 30, 2012

You've Just Won the Mega Millions Jackpot: What Next?

Local financial services expert Jonathan Murray answers a few questions that will be helpful to whomever becomes $640 million richer tonight.

It's likely that tonight someone's life is going to change. One lucky winner will become $640 million richer after he or she hits the Mega Millions jackpot. But then what? People (the 99% - kidding) have a difficult time managing "normal" finances. What is the winner going to do if they take the $462 million instant pay-out?  Jonathan Murray, the senior vice president for UBS Financial Services, has a few ideas. Murray, a Towson resident, has been named a top 1,000 nationally ranked financial advisor by Barron's since 2009. He's seen millionaires squander wealth, and doesn't want to see it again.   PATCH: So say someone wins the jackpot tonight. What next? “The first thing is to assemble a team. You need to quietly and discreetly assembly …

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